LogFAQs > #980386602

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Topic	RoaringKitty returns causing GME surge and RH shuts off buy
WingsOfGood 05/14/24 7:00:54 AM #88:	HentaiMan posted... I don't follow this. why did/do people care about Gamestop and their stock exactly? I rarely shop there. It had a run up back in 2021 I think? Where it went to like $300 per share due to what is called a short squeeze. A big hedge fund was shorting it very likely in a shady nigh illegal way, which allowed it to spike that high. Several things happened since then. Supposedly according to that hedge fund they stopped shorting it long ago but the people calling themselves apes claim it was a lie and that a bigger squeeze was coming. That didn't happen since then. <cite>WingsOfGood posted [p:980386602] in RoaringKit... [t:80768209]...</cite> <quote>HentaiMan posted... </cite><quote>I don't follow this. why did/do people care about Gamestop and their stock exactly? I rarely shop there.</quote>It had a run up back in 2021 I think? Where it went to like $300 per share due to what is called a short squeeze.A big hedge fund was shorting it very likely in a shady nigh illegal way, which allowed it to spike that high.Several things happened since then. Supposedly according to that hedge fund they stopped shorting it long ago but the people calling themselves apes claim it was a lie and that a bigger squeeze was coming. That didn't happen since then.</quote> ... Copied to Clipboard!
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